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Illustration: Annelise Capossela/Axios

Hong Kong's new security law means that companies, international travelers, and governments around the world are now facing decisions about how much they need to extricate themselves from previously close ties to the city.

Why it matters: If Hong Kong remains a major international business hub, China could use it as a lever to significantly erode global free speech norms.

Here are a few areas we're watching:

1. Internet and social media: Facebook, WhatsApp, and Telegram have stopped complying with Hong Kong government data requests while they assess the impact of the national security law.

  • The legislation requires individuals working at internet firms to hand over data and comply with censorship requests, or else face up to a year in jail and large fines.
  • Hong Kong protesters used numerous social media and messaging platforms to organize protests and other activities that are likely now illegal under the new law.
  • My thought bubble: Because the security law applies to speech and organizing anywhere in the world, the global future of digital free speech may hinge in part on what tech companies with operations in Hong Kong decide over the coming weeks.

2. Extradition: Because of its formerly independent judiciary, Hong Kong has extradition treaties with more than a dozen countries around the world, including the U.S., Australia and Germany.

  • But the security law subverts Hong Kong's judicial system, replacing it with specially appointed judges and in some cases funneling suspects directly into mainland China's court system, where convictions and harsh sentences for political crimes are all but guaranteed.
  • Future extradition requests from Hong Kong authorities could target people for political crimes.
  • Canada just announced it was suspending its extradition treaty with Hong Kong.

3. Aircraft: The new law states it applies aboard all Hong Kong-registered aircraft, such as Cathay Pacific.

  • "The big question is if and how other countries would recognize or maybe even participate in what the national security law tries to achieve in international air traffic to and from Hong Kong," Jakob Wert, the editor-in-chief of aviation news site International Flight Network, tells Axios.
  • Alvin Cheung, a legal scholar at New York University, had a different take. "What that means is, don’t fly Cathay," he says.

Go deeper

Aug 26, 2020 - Politics & Policy

Eric Trump says Democrats view the U.S. as "the source of the world's problems"

The president's son Eric Trump tore into Democrats Tuesday evening, saying the party believes "America is the source of the world's problems" during his GOP Convention speech.

Details: "As a result, they believe the only path forward is to erase history and forget the past. They want to destroy the monuments of our forefathers ... They want to disrespect our National Anthem by taking a knee, while our armed forces lay down their lives every day to protect our freedom," he said.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.

NRA declares bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for Chapter 11 bankruptcy and will seek to reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment."

The big picture: The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.